From: TVN S.A.
Date: July 30, 2015
Subject: Liquidation of TVN DTH Holdings S.à r.l. and takeover of its assets and liabilities by the parent company TVN Media Sp. z o.o.
Current report number: 53/2015
Management Board of TVN S.A. ("Company") informs that on July 29, 2015, the Company's fully owned subsidiary TVN Media Sp. z o.o. ("TVN Media") liquidated its subsidiary TVN DTH Holdings S.à r.l. ("TVN DTH Holdings") and took over TVN DTH Holdings' assets and liabilities. Net book asset value of TVN DTH Holdings was PLN 1,559,510,372.44 (one billion five hundred and fifty nine million five hundred and ten thousand three hundred and seventy two and 44/100 zlotys) while the primary asset owned by TVN DTH Holding was 32% stake in ITI Neovision Group.
The takeover of assets and liabilities was deemed material because the net asset value of
TVN DTH Holdings exceeded 10% of the equity of TVN S.A.
Legal basis: § 5 sec. 1 point 1 of Decree of the Minister of Finance dated February 19, 2009 on current and periodic information to be published by issuers of securities.
Signed by:
Markus Tellenbach
President of the Management Board
John Driscoll
Vice-president of the Management Board, CFO

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